Global Markets

US stock markets finished flat to up.

Dow futures are currently trading flat to down.

The Asian markets are trading in a choppy manner.

Nifty: +16 points for gifts

Data Analysis

Cash Market                              F&O

FII : +1996cr                                                          Nifty PCR: 1.48 vs 1.58

DII : -338cr                                                             Highest OI (06-July-23):

Net : +1658cr                                                          19500CE & 19300PE

Technical Outlook

Nifty (Spot)

• Up till the 19500-19550 region, there are no big obstacles to the Nifty’s positive momentum.
• The immediate support range is between 19275 and 19250, while the following support level is 19160.
• Any market profit booking is visible below 19160.

Bank Nifty (Spot)

• Banknifty was able to get past the 45,000 psychological barrier.
• The next barrier will be 45750 if the trendline hurdle of 45300 is overcome.
• The immediate support level of 44880 is below which we should anticipate any profit booking.